Betagro is a leading integrated agro-industrial and food company in Thailand. Our business covers the production and sale of animal feed, animal health products, livestock, swine and poultry products, eggs, related processed food products and pet food. In addition, we are committed to producing high quality and safe products, we have implemented strict biosecurity and quality control measures, guided by recognized international standards.
| 3M25 | 3M24 | 2024 | 2023 |
|---|
| Revenues | 30,444.65 | 27,203.51 | 114,905.42 | 109,131.00 |
| Expenses | 28,067.62 | 26,897.69 | 110,820.72 | 109,378.92 |
| Net Profit (Loss) | 1,897.82 | -124.07 | 2,466.16 | -1,398.17 |
| Assets | 70,569.59 | 61,960.92 | 68,114.41 | 62,500.98 |
| Liabilities | 40,694.92 | 36,649.22 | 40,826.39 | 37,188.56 |
| Shareholders' Equity | 29,048.70 | 25,122.34 | 27,093.67 | 25,134.35 |
| Operating | 2,259.26 | 1,842.95 | 3,967.01 | 3,234.65 |
| Investing | -2,802.22 | -936.97 | -3,246.49 | -4,426.06 |
| Financing | -840.38 | -379.51 | 640.60 | -3,202.58 |
| EPS (Baht) | 0.98 | -0.06 | 1.27 | -0.72 |
| GP Margin (%) | 17.70 | 10.83 | 13.50 | 10.00 |
| NP Margin (%) | 6.32 | -0.41 | 2.18 | -1.25 |
| D/E Ratio (x) | 1.36 | 1.45 | 1.50 | 1.47 |
| ROE (%) | 16.57 | -7.09 | 9.44 | -5.21 |
| ROA (%) | 9.74 | -1.15 | 6.55 | -0.37 |
Betagro has a vertically integrated business model that covers many aspects of the value chain for our products. In 2025, Betagro is committed to continuous growth under 3 Key strategies, as follows:
- International Expansion — Through mergers and acquisitions (M&A) and strategic partnerships in high-potential markets.
- Product and Channel Mix Optimization — Enhancing profitability by focusing on high-margin products and channel to drive revenue growth and market share.
- Cost Transformation — Leveraging digital technology and process innovation to improve operational efficiency, reduce costs, and enhance profitability
Betagro has laid out a policy and procedures for sustainability management in line with the United Nations’ Sustainable Development Goals (SDGs). Under this policy and procedures, business operations are carried out based on environmental, social and governance (ESG) ethics for stakeholders throughout the entire supply chain. Betagro has specified the following two sides of its operations to take the lead in achieving a balance between profit, people and planet. For more detail, please visit 2024 SD Report: https://www.betagro.com/en/downloads/sustainability-reports or Betagro’s sustainability website: https://www.betagro.com/en /sustainability/sustainability-at-a-glance
Betagro has 6 Investment Highlights as follows:
- World class branded food company by driving brand portfolio covers all customer segments including premium, standard and economy, certified through international standards
- Well positioned data driven sales and distribution systems strong digital system capability allows us to predict pricing movement and to maximize revenue through optimum channel selection
- Significant growth opportunities domestically and overseas by capturing market share through high value added products and increasing of capacity expansion and export destinations
- New S-curve opportunities by new venture building as additional growth engine for the business
- Efficient operating model by using Asset-light investment model, diversify and grow sustainably with the community
- Purpose-driven management team and board directors visionary and experienced management team
In 1Q25, total income was at THB30,499.0 million an increase of 12.1% from 1Q24, driven by 1) rising prices of domestic pork and chicken, 2) increasing demand of pork and chicken both domestic and export market, and 3) product portfolio optimization which focused on high-margin products and channels.
In 1Q25, gross profit was at THB5,362.7 million, an increase of 83.5% YoY, and gross profit margin was at 17.7%, primarily due to rising of domestic livestock price especially pig price as a result of lower supply from swine disease outbreak and a decrease in raw material prices. Net profit was at THB1,897.8 million and a net profit margin of 6.2% in 1Q25, a turnaround from a net loss of THB124.1 million in 1Q24.
1967 - Incorporation of Betagro Co., Ltd. (currently named Betagro Holding Co., Ltd. and is our major shareholder) and first feed factory in Samut Prakan
2006 - We launched pork products under the S-Pure brand for the premium market for the first time
2022 - We underwent Initial Public Offering (IPO) of common shares to raise capital and registered with SET in Agro & Food Industry under Food & Beverage Sector
2023 - BTG was selected to be included in the calculation of 4 stock indices: MSCI Global Small Cap, FTSE SET Mid Cap, SET100 and SETWB
2024 - BTG received 5-Stars or “Excellent CG Scoring” of Corporate Governance Report of Thai Listed Companies, certified to be "a member of the Thai Private Sector Collective Action Against Corruption (CAC)" at the level of 2 stars, and received SET ESG Ratings 2024 in the highest level “AAA” for the first year
2025 - BTG was certified to be "CAC Change Agent" or highest level of CAC (3 stars)
Betagro recognizes the significance of risk management. Hence, the Company has put in place a corporate risk management framework while promoting a corporate culture of developing and maintaining risk management policies. For more detail, please visit: https://www.betagro-investor.com/en/downloads/one-reports or Betagro’s corporate governance website: https://www.betagro.com/en/corporate-governance/corporate-policy
- Betagro PCL was certified to be "CAC Change Agent" or highest level of CAC (3 stars)
- Betagro PCL received “2024-2025 Thailand’s Most Admired Company” awards presented by the BrandAge
| as of 31/03/25 | BTG | FOOD | SET |
|---|---|---|---|
| P/E (X) | 16.48 | 12.30 | 15.78 |
| P/BV (X) | 1.50 | 1.26 | 1.10 |
| Dividend yield (%) | 2.38 | 4.86 | 4.37 |
| 31/03/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 40,630.80 | 36,374.24 | 46,435.20 |
| Price (B/Share) | 21.00 | 18.80 | 24.00 |
| P/E (X) | 16.48 | 43.99 | 44.05 |
| P/BV (X) | 1.50 | 1.40 | 1.80 |
